Tim Cook Talks Crypto Holdings, Whether Apple Could Accept Crypto In The Future

As crypto trades near all-time highs, all of the companies that added Bitcoin BTC/USD to their balance sheets this year are net positive on their investments. As one of the most influential tech companies in recent times, might Apple Inc AAPL consider investing in crypto and blockchain technology?

"I wouldn’t go invest in crypto, not because I wouldn’t invest my own money, but because I don’t think people buy Apple stock to get exposure to crypto," Apple CEO Tim Cook said Tuesday at The New York Times' DealBook Conference.

Although it seems Apple won't be investing in crypto anytime soon, Cook told Andrew Ross Sorkin, who interviewed the Apple CEO at the DealBook Conference, that he personally owns cryptocurrencies. 

When asked if he owns Bitcoin or Ethereum ETH/USD, Cook said: "I do, yeah, I think it's reasonable to own it as part of a diversified portfolio.

"I've been interested in it for a while," the CEO said, adding that he has been researching crypto and thinks it's interesting. 

See Also: Bitcoin, Ethereum Hit All-Time Highs As Taproot Looms Nearer — Dogecoin, Shiba Inu Spike Alongside

Aside from investing in crypto, Sorkin asked Cook about the possibility of accepting cryptocurrencies like Bitcoin for products like Apple Pay.

"It's something that we are looking at," he said, however, "it's not something we have immediate plans to do."

BTC, ETH Price Action: Bitcoin was trading 0.66% higher over 24 hours at $66,528 midday Tuesday, while Ethereum was down 0.58% at $4,758. 

Photo: Sergei Tokmakov Terms.Law from Pixabay.

Market News and Data brought to you by Benzinga APIs
Posted In: CryptocurrencyNewsEventsMarketsTechMediaAndrew Ross SorkinDealBook ConferenceTim Cook
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!